Avoiding the Payday Loan Cycle

We often find people asking the question “how do I cover my payday loan debt?” and all too often the answer is to take out a new one to repay the current loan. This is called the payday loan cycle and can it prove difficult to break, it can also prove to be incredibly expensive if it is allowed to carry on for any length of time.

We have all heard the stories and we understand how scary being trapped in payday loan debt. With repayment dates constantly hanging over your head, if you find yourself in a position where you cannot afford to pay, things can become very difficult.


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